Meta plans investments into AI-driven humanoid robots, memo shows
1 month, 1 week ago

Meta plans investments into AI-driven humanoid robots, memo shows

The Hindu  

Meta Platforms is establishing a new division within its Reality Labs unit to develop AI-powered humanoid robots that can assist with physical tasks, according to an internal company memo viewed by Reuters on Friday. In the memo, Meta Chief Technology Officer Andrew Bosworth said the robotics product group would focus on research and development involving "consumer humanoid robots with a goal of maximizing Llama's platform capabilities." Koryl, who was formerly CEO of second-hand e-commerce company The RealReal, was hired to expand efforts to sell directly to consumers Meta's Quest mixed reality headsets and AI wearables such as Ray-Ban Meta smart glasses, which Meta makes with eyewear maker EssilorLuxottica. Prominent computer scientist Fei-Fei Li jumped into the race last year with the launch of her "spatial intelligence" startup World Labs, while Tesla CEO Elon Musk has said that his company's humanoid robot "Optimus" can perform many daily tasks and will eventually be sold to customers.

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History of this topic

AI firm Anthropic valued at $61.5 billion in funding round
2 weeks, 5 days ago

AI firm Anthropic valued at $61.5 billion in funding round

The Hindu  

Anthropic on Monday announced it has raised $3.5 billion in a funding round that valued the artificial intelligence startup at $61.5 billion. The funding round was led by Lightspeed Venture Partners, and the list of those taking part included Salesforce Ventures, Fidelity Management, and Bessemer Venture Partners, according to Anthropic. Along with Claude 3.7 Sonnet, the San Francisco-based company made …

Meta Plans To Launch Stand-Alone AI App: Report
3 weeks, 2 days ago

Meta Plans To Launch Stand-Alone AI App: Report

Deccan Chronicle  

San Francisco: Meta plans to add an artificial intelligence app to its stable of stand-alone offerings including Instagram, Facebook and WhatsApp, according to a report Thursday by CNBC. An independent app devoted to AI would fit into Meta chief Mark Zuckerberg's stated vision of having the most used AI assistant in the world. CNBC cited people familiar with the matter …

Meta in talks for $200 billion AI data centre project: Report
3 weeks, 4 days ago

Meta in talks for $200 billion AI data centre project: Report

The Hindu  

Meta Platforms is in discussions to construct a new data center campus for its artificial intelligence projects, with potential costs exceeding $200 billion, The Information reported on Tuesday, citing people familiar with the matter. Meta executives have informed data center developers that the company is considering building the campus in states including Louisiana, Wyoming or Texas, with senior leaders having …

Anthropic close to $3.5 billion fundraise, sources say
3 weeks, 5 days ago

Anthropic close to $3.5 billion fundraise, sources say

The Hindu  

AI startup Anthropic is seeking $3.5 billion in a funding round that would value it at $61.5 billion, two sources familiar with the matter told Reuters on Monday. The startup behind the Claude chatbot could receive backing from venture firms Lightspeed Venture Partners, General Catalyst and Bessemer Venture Partners, the sources said. The funding round would be larger than the …

Robotics startup Figure AI in talks for new funding at $39.5 billion valuation, source says
1 month ago

Robotics startup Figure AI in talks for new funding at $39.5 billion valuation, source says

The Hindu  

Robotics startup Figure AI is in talks to raise $1.5 billion in funding that would value the company at $39.5 billion, with Parkway Venture Capital expected to lead the Series C round, according to a person familiar with the matter. Major tech companies, including Nvidia, Meta Platforms and Tesla, alongside various startups, are rushing to make humanoid robots, as advanced …

Apple and Meta are reportedly both working on Tesla bot-like AI-powered humanoid robots
1 month ago

Apple and Meta are reportedly both working on Tesla bot-like AI-powered humanoid robots

India Today  

Amid its ongoing competition in the mixed reality headset market, Apple and Meta are reportedly going to clash in another area: AI humanoids. According to analyst Mark Gurman’s latest Power On newsletter published in Bloomberg, both companies are working on their own AI-powered humanoid robots. The report also suggests that the Meta has already started discussing the development of these …

Meta reportedly begins investment in humanoid robots, setting up a showdown with Elon Musk’s Tesla
1 month, 1 week ago

Meta reportedly begins investment in humanoid robots, setting up a showdown with Elon Musk’s Tesla

Live Mint  

Mark Zuckerberg-led Meta has started making significant investments in the humanoid robots category and is forming a team with Reality Labs' hardware division to conduct the work, according to a report by Bloomberg. Meta's Chief technology officer, Andrew Bosworth, wrote in a memo to the employees, “The core technologies we’ve already invested in and built across Reality Labs and AI …

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China
Trending News
1 month, 2 weeks ago

Amazon, Microsoft, Alphabet, and Meta to spend well over $300 billion on AI in 2025, fearing China

Firstpost  

Amazon, Microsoft, and Alphabet each saw sharp stock declines following their fourth-quarter earnings reports, which revealed steep increases in AI-related capital spending. Microsoft and Google’s market values dropped by $200 billion as their cloud divisions reported weaker growth Microsoft CEO Satya Nadella reaffirmed his commitment to spending $80 billion to expand Azure, emphasising the importance of capitalising on its early …

Mark Zuckerberg to invest over $65 billion as CAPEX for AI infrastructure, data centres in 2025
1 month, 3 weeks ago

Mark Zuckerberg to invest over $65 billion as CAPEX for AI infrastructure, data centres in 2025

Firstpost  

In a recent post, Zuckerberh outlined how Meta plans to build a 2GW+ data centre. Zuckerberg also mentioned that by the end of 2025, Meta will have more than 1.3 million GPUs online, further powering its AI operations While Meta’s investment is no small feat, it still lags behind the hefty plans of its competitors. Image Credit: Reuters Meta is …

Microsoft, Meta talk up their big AI ambitions and spending plans
1 month, 3 weeks ago

Microsoft, Meta talk up their big AI ambitions and spending plans

Live Mint  

Meta Platforms unveiled plans to make artificial intelligence more personalized this year, and Microsoft predicted “exponentially more demand" for AI products. “There’s a number of novel things that they did that I think we’re still digesting," Zuckerberg said on a call with analysts after Meta reported record quarterly sales and strong profit growth. “There’s going to be an open-source standard …

Microsoft and Meta defend massive AI investments amid rising competition from DeepSeek
1 month, 3 weeks ago

Microsoft and Meta defend massive AI investments amid rising competition from DeepSeek

Live Mint  

In the wake of a breakthrough by Chinese upstart DeepSeek in affordable AI computing, executives at Microsoft and Meta have defended their significant investments in AI infrastructure, despite growing concerns over mounting costs and investor impatience. This rapid progress has sparked doubts about the U.S.'s dominant position in AI, with some observers questioning whether the enormous capital investments made by …

Today’s Cache | OpenAI alleges Chinese AI distillation; Meta settles Trump lawsuit; Tech CEOs defend AI spending after DeepSeek
1 month, 3 weeks ago

Today’s Cache | OpenAI alleges Chinese AI distillation; Meta settles Trump lawsuit; Tech CEOs defend AI spending after DeepSeek

The Hindu  

OpenAI alleges Chinese AI distillation ChatGPT-maker OpenAI has alleged that China-based companies are distilling the models of U.S.-based AI companies, stressing that it would work closely with the U.S. government to protect its technology from foreign rivals. The statement comes as China-based DeepSeek’s AI model R1 triggered both euphoria and alarm as the model, reportedly produced at a far lower …

Meta sends mixed signals as quarterly sales beat estimates but outlook muted
1 month, 3 weeks ago

Meta sends mixed signals as quarterly sales beat estimates but outlook muted

The Hindu  

Meta Platforms beat Wall Street expectations for fourth-quarter revenue on Wednesday but predicted sales in the current first quarter may not meet forecasts, sending mixed signals about how its bets on pricey artificial intelligence-powered tools are paying off. Meta shares were flat after the market closed but rose as CEO Mark Zuckerberg spoke optimistically about Meta's AI initiatives and how …

Meta plans to invest up to $65 billion for capex in 2025; Shares gain 1.6% in early market session
1 month, 3 weeks ago

Meta plans to invest up to $65 billion for capex in 2025; Shares gain 1.6% in early market session

Live Mint  

Meta Platforms Inc. aims to invest $60 billion to $65 billion in capital expenditure in 2025, according to Chief Executive Officer Mark Zuckerberg's post on social media platform Facebook on Friday, January 24. Meta Shares Meta Platforms Inc. shares were trading 1.6 per cent higher in the early market session on Friday, according to a Reuters report. Meta AI engineer …

Five artificial intelligence trends to track in 2025
2 months, 1 week ago

Five artificial intelligence trends to track in 2025

Live Mint  

Bengaluru: Notwithstanding some of last year’s tech disappointments, including the metaverse and Generative AI, which fell short on scalability and returns, tech innovation continues at a scorching pace. View Full Image A file photo of Geoffrey Hinton Proponents highlight AI’s benefits such as its contributions to areas like driverless cars, satellite technology, chatbots, and disaster forecasting. Additionally, the IndiaAI Innovation …

Anthropic to raise $2 billion in deal valuing AI startup at $60 billion: Report
2 months, 2 weeks ago

Anthropic to raise $2 billion in deal valuing AI startup at $60 billion: Report

The Hindu  

AI startup Anthropic is in advanced talks to raise $2 billion in a deal valuing the OpenAI rival at $60 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. Amazon.com late last year doubled its investment in the startup to $8 billion, as the e-commerce giant went up against Big Tech rivals in a race …

UK's Competition Authority approves Google's $2 billion investment in Anthropic
4 months ago

UK's Competition Authority approves Google's $2 billion investment in Anthropic

Firstpost  

Anthropic emphasises that it will remain independent despite major funding from Google. Google’s $2B investment includes non-voting shares and consultation rights, ensuring Anthropic retains control over its decisions The Claude AI assistant, developed by Anthropic, has emerged as a major competitor to Google’s own AI offering, Google Gemini. Image Credit: AFP Google’s substantial $2 billion investment in AI startup Anthropic …

Meta’s third-quarter profit surges 35%, reflecting strong ad revenue and its AI push
4 months, 3 weeks ago

Meta’s third-quarter profit surges 35%, reflecting strong ad revenue and its AI push

LA Times  

Mark Zuckerberg wears a pair of Orion AR glasses during the Meta Connect conference on Sept. 25, 2024, in Menlo Park, Calif. Meta Platforms Inc. posted stronger-than-expected third-quarter results on Wednesday, fueled by its advertising revenue growth and its push to incorporate artificial intelligence. Meta said it’s “family daily active people” — the number of users who signed into at …

Meta in talks to use voices of Judi Dench, Awkwafina for AI: Report
7 months, 2 weeks ago

Meta in talks to use voices of Judi Dench, Awkwafina for AI: Report

The Hindu  

Meta is in discussions with actors such as Awkwafina and Judi Dench, as well as influencers, for the right to use their voices in its MetaAI digital assistant product, the New York Times said on Friday. The social media giant is also in talks with comedian Keegan-Michael Key, among other celebrities, and Hollywood's top talent agencies were involved in negotiations, …

Meta shares surge after tech giant reports $13.5bn profit
7 months, 3 weeks ago

Meta shares surge after tech giant reports $13.5bn profit

Al Jazeera  

CEO Mark Zuckerberg says Meta AI is on track to be the most used AI assistant worldwide by the year’s end. “We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year,” Meta founder and CEO Mark Zuckerberg said. “We’ve released the first frontier-level …

Google’s partnership with AI startup Anthropic faces scrutiny from UK competition watchdog
7 months, 3 weeks ago

Google’s partnership with AI startup Anthropic faces scrutiny from UK competition watchdog

Associated Press  

LONDON — Britain’s competition watchdog said Tuesday it’s looking into Google’s partnership with artificial intelligence startup Anthropic, adding fresh regulatory scrutiny to investment money flooding into the AI industry. The Competition and Markets Authority said it’s seeking comments as it considers whether the deal between the two companies has resulted in a “substantial lessening of competition” in the United Kingdom …

Tech giants embracing humanoid robots
9 months, 3 weeks ago

Tech giants embracing humanoid robots

China Daily  

A humanoid robot demonstrates electro-welding skills. "Currently, new technologies, products and formats represented by humanoid robots and general artificial intelligence are thriving and becoming the pinnacle of global technological innovation, a new track for future industries and a new engine for economic growth," said Xu Xiaolan, former vice-minister of industry and information technology and a member of the Standing Committee …

Meta CEO Mark Zuckerberg tells investors to stay patient: ‘More ambitious on AI’
10 months, 3 weeks ago

Meta CEO Mark Zuckerberg tells investors to stay patient: ‘More ambitious on AI’

Hindustan Times  

Mark Zuckerberg asked investors to stay patient after Meta revealed that it will spend billions of dollars more than expected this year owing to investments in artificial intelligence. Meta CEO Mark Zuckerberg delivers a speech, as the letters AI for artificial intelligence appear on screen. “Smart investors see that the product is scaling and that there is a clear monetizable …

Meta is spending around $40 billion on AI services and Mark Zuckerberg has a plan to earn it all back
10 months, 3 weeks ago

Meta is spending around $40 billion on AI services and Mark Zuckerberg has a plan to earn it all back

India Today  

Meta is making substantial investments in artificial intelligence to position itself as a leader in the field. While the investment is significant and mainly focused on AI, Meta's latest AI model, Llama 3, has also led its CEO, Mark Zuckerberg, to become "more ambitious and optimistic about AI." This plan includes three approaches: Meta's Plan for Business Messaging with AI …

Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors
11 months, 1 week ago

Amazon adds Andrew Ng, a leading voice in artificial intelligence, to its board of directors

Associated Press  

Amazon is adding artificial intelligence visionary Andrew Ng to its board of directors, a move that comes amid intense AI competition among startups and big technology companies. The Seattle company said Thursday that Ng, a managing director at the Palo Alto, California-based AI Fund, will replace a seat vacated by Judy McGrath, a former CEO of MTV who told Amazon …

Mark Zuckerberg is writing personally to engineers at Google Deepmind, trying to poach them for Meta
11 months, 3 weeks ago

Mark Zuckerberg is writing personally to engineers at Google Deepmind, trying to poach them for Meta

Firstpost  

Meta is trying to aggressively recruit AI engineers and is employing various tactics to attract top researchers. Image Credit: AFP Meta CEO Mark Zuckerberg has reportedly resorted to personally reaching out to talent at Google’s DeepMind, penning personal emails in an effort to lure them to Meta’s AI projects. This move underscores the intensifying competition for AI talent, with Meta …

Meta joins AI race against rivals Google, Microsoft; in works to create 'human-level' AI soon
1 year, 2 months ago

Meta joins AI race against rivals Google, Microsoft; in works to create 'human-level' AI soon

Hindustan Times  

With Microsoft leading the space of artificial intelligence across the globe with OpenAI, rival firm Meta is also planning to join the AI race. Meta CEO Mark Zuckerberg announces new AI project Meta CEO Mark Zuckerberg, in an interview with The Verge, said on Thursday that his company is joining the pursuit of creating super artificial intelligence, with an aim …

Meta ramps up AI efforts by building chip arsenal, consolidating teams
1 year, 2 months ago

Meta ramps up AI efforts by building chip arsenal, consolidating teams

The Hindu  

Meta CEO Mark Zuckerberg said on Thursday that the company was bringing its AI research team "closer together" with a more business-focused generative AI team launched last year, doubling down on a push to get the technology into products. The social media giant was building out its infrastructure to accommodate the push and planned to have about 350,000 H100 GPUs …

Google, Amazon continue to invest billions into AI that is supposedly ‘miles better’ than ChatGPT
1 year, 4 months ago

Google, Amazon continue to invest billions into AI that is supposedly ‘miles better’ than ChatGPT

Firstpost  

Google and Amazon are investing billions into an AI programme called Claude that is supposedly much better than OpenAI’s ChatGPT. Amazon had invested over $4 billion, whereas Google has invested over $2 billion, and plans to invest more A couple of days ago, Google announced its intention to invest a substantial sum of up to $2 billion in Anthropic, a …

Google set to invest $2 billion in Anthropic- OpenAI's competitor
1 year, 4 months ago

Google set to invest $2 billion in Anthropic- OpenAI's competitor

India TV News  

Google is set to invest $2 billion in the AI startup Anthropic, created by former members of OpenAI, as competition in the AI field intensifies. In September, Amazon also announced plans to invest as much as $4 billion in Anthropic, securing a minority ownership position in the firm, reflecting the fierce competition within the growing generative AI sector dominated by …

GenAI startups biggest driver of unicorns, says VC firm Accel
1 year, 5 months ago

GenAI startups biggest driver of unicorns, says VC firm Accel

The Hindu  

Generative artificial intelligence companies have become the major driver of unicorns -- startups reaching $1 billion valuation -- with 60% of the new ones falling in this category, according to a report from venture capital firm Accel. Funding in European and Israeli GenAI startups was close to $1 billion in the last 12 months compared with over $14 billion in …

Meta to signal future of AR/VR investments at annual Connect conference
1 year, 5 months ago

Meta to signal future of AR/VR investments at annual Connect conference

The Hindu  

Meta CEO Mark Zuckerberg on Wednesday is set to update investors on his plan to build the immersive metaverse that he has pitched as the future of computing at the company's first in-person conference since the start of the pandemic. Announcements at Meta Connect, Meta's biggest event of the year, will indicate how Zuckerberg plans to navigate the shift this …

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle
1 year, 5 months ago

Amazon is investing up to $4 billion in AI startup Anthropic in growing tech battle

The Hindu  

Amazon is investing up to $4 billion in Anthropic and taking a minority stake in the artificial intelligence startup, the two companies said Monday. Amazon and Anthropic said the deal is part of a broader collaboration to develop so-called foundation models, which underpin the generative AI systems that have captured global attention. Under the agreement, Anthropic is making Amazon its …

Meet the AI human-like robots that can do our jobs
1 year, 8 months ago

Meet the AI human-like robots that can do our jobs

The Independent  

The idea of a humanoid robot that can do the work of human beings dates back almost 3,000 years to the Iliad, in which the god Hephaestus was assisted by his own metal creations. A robotics start-up funded by OpenAI, the company behind ChatGPT, is employing EVE robot devices as security guards in Europe and America – with human operators …

Meta set to release a commercial AI model like Bard and ChatGPT
1 year, 8 months ago

Meta set to release a commercial AI model like Bard and ChatGPT

India TV News  

Meta set to release a commercial AI model like Bard and ChatGPT Elon Musk, in a separate development, has recently launched a new AI company named xAI, with a mission to understand the true nature of the universe. The xAI includes members with prior experience at prominent AI organizations such as Microsoft Research, Google Research, OpenAI, Google's DeepMind Meta, formerly …

Meta employs AI chatbot trained on company data for employee support: Know everything
1 year, 9 months ago

Meta employs AI chatbot trained on company data for employee support: Know everything

India TV News  

Meta, the parent company of Facebook, is reportedly introducing an in-house artificial intelligence chatbot called 'Metamate' to its employees. By using the wealth of internal data available, the chatbot has the potential to assist employees in various tasks, offering efficient meeting summaries and aiding in coding and debugging efforts. Earlier this year, Meta CEO Mark Zuckerberg announced the formation of …

Facebook owner Meta touts AI might as digital ads boost outlook, shares
1 year, 10 months ago

Facebook owner Meta touts AI might as digital ads boost outlook, shares

The Hindu  

Meta Platforms Inc. CEO Mark Zuckerberg said on Wednesday that AI was helping the company boost traffic to Facebook and Instagram and earn more in ad sales, as it forecast quarterly revenue well above analyst expectations. "I think similar to Alphabet, a lot of Meta's AI investments have gone into the advertiser side," said James Cordwell, analyst at Atlantic Equities. …

Artificial intelligence coming sooner than you think, experts say
7 years, 11 months ago

Artificial intelligence coming sooner than you think, experts say

ABC  

If you have seen the latest Wolverine movie, Logan, you might have noticed a crucial scene where automated trucks speed up and down the highways of the United States. "There's a real financial imperative for developing autonomous cars," Mr Walsh said, adding the industry was currently worth around $1 trillion. Ethics of AI AI has also been referred to as …

Google teams up with Oxford researchers to teach machines how to think
10 years, 4 months ago

Google teams up with Oxford researchers to teach machines how to think

Firstpost  

Google today announced a partnership with artificial intelligence teams at Oxford University to teach machines to think like people. San Francisco: Google today announced a partnership with artificial intelligence teams at Oxford University to teach machines to think like people. Oxford professors behind spinoff startups Dark Blue Labs and Vision Factory will work with DeepMind, a London-based startup that Google …

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